BEB surpasses $100M in real estate lending: Long Island Business News
In a February 9, 2022 article in Long Island Business News, reporter David Winzelberg covers the announcement made by BEB Lending, an affiliate of BEB Capital, that it has loaned more than $100 million to commercial real estate borrowers since its founding in early 2020. BEB Lending, an affiliate of Port Washington-based BEB Capital, has loaned more than $100 million to commercial real estate borrowers since its founding in early 2020, the company announced.
The article quotes BEB Lending’s Chief Operating Officer and president Keyvan Ghaytanchi, who observes that “the industrial market has seen an uptick in demand over the past several years and is an area of real estate not well understood by traditional capital sources. BEB’s specialized expertise in the industrial positions us where we can mitigate risk and spur growth for developers and owners.”
The article notes that BEB Lending deployed $60 million in capital in 2021 and has set a goal of deploying an additional $150 million by the end of 2022. The article further notes that while BEB Lending’s primary focus is on the industrial sector, the firm is expanding the business to service additional asset types including multifamily, mixed-use, office, retail, development sites, note-on-note financing and other commercial property types, and has completed financing transactions in Connecticut, New Jersey, New York, North Carolina, South Carolina, and Texas.
Read the complete Long Island Business News article here: https://libn.com/2022/02/09/beb-surpasses-100m-in-real-estate-lending/